Bill > SB3032

This bill amends the Illinois Income Tax Act and the Prevailing Wage Act to clarify that certain projects funded by transferable tax credits are considered "public works." Specifically, it expands the definition of "public works" under the Prevailing Wage Act to include projects financed in whole or in part by funds received from the sale or transfer of state-awarded tax credits, with exceptions for credits under the Film Production Services Tax Credit Act of 2008 and the Live Theater Production Tax Credit Act. This means that workers on these types of projects will be subject to prevailing wage requirements, which are the generally accepted hourly wages plus fringe benefits paid to laborers, mechanics, and other workers in the locality for similar work. The bill also makes conforming changes to sections of the Income Tax Act related to affordable housing donations, hospital credits, and hydrogen fuel replacement tax credits, ensuring that projects funded by the transfer of these specific tax credits are also covered by the Prevailing Wage Act.

https://www.ilga.gov/Legislation/BillStatus?DocNum=3032&GAID=18&DocTypeID=SB&SessionID=114&GA=104